FX.co ★ Singapore’s Trade Surplus Narrows to SGD 10.724B in July 2026

Singapore’s trade surplus narrowed in July 2026, with the trade balance coming in at SGD 10.724 billion, down from SGD 13.870 billion in June 2026, according to the latest data updated on 17 August 2026.

The July figure reflects a moderation in Singapore’s external surplus position compared with the previous month, suggesting a shift in the balance between exports and imports over the period. While the country continues to post a solid trade surplus, the decline from June highlights changing dynamics in global trade flows impacting Singapore’s open, trade-dependent economy.

Investors and analysts will be watching subsequent releases to determine whether July’s easing in the trade surplus marks a short-term fluctuation or the beginning of a broader trend in Singapore’s external sector performance.